The Bahamas Investor

...s due to the reconstruction after the Second World War,” says James Smith, former Minister of Finance and former Governor of the Central Bank. “At some point in our history, an accommodation was made with our lawmakers and our high-net-worth visitors to say that if you do business in The Bahamas and managed your wealth in The Bahamas, we could guarantee you no taxes and very relaxed regulations.” With independence came the need for more internal r......

...ve officer at FAB Portfolio Management, which specializes in family office services for Latin American and Eastern European clients. “The Latino culture is much more family oriented and they consider the main driver in any relationship to be personal, not business. They do not look for a bank; they look for a person. In Anglo-Saxon culture there is a division between family and business, but not so in Latin America.” This tendency means that many......

...ld.” Mr. Smith continued, “While we are disappointed with our financial performance for the quarter, we are pleased with the significant progress made in 2012 toward positioning Buckeye to take advantage of changing supply/demand dynamics for crude oil and liquid petroleum products.” In April, Buckeye entered into an agreement with a major customer for a significant crude oil storage transaction at its BORCO facility in The Bahamas. This long-term......

...ho held the position of senior vice president of Puerto Rico and Caribbean Services for 25 years. Jacksonville-based Crowley Holdings Inc., a holding company of the 120-year-old Crowley Maritime Corporation, is a privately held family and employee-owned company. The company provides project solutions, transportation and logistics services in domestic and international markets by means of six operating lines of business: Puerto Rico/Caribbean Liner......

...as responded quickly to their consumers’ demands for new, innovative and affordable services. Sigma’s catalog-driven OSS solutions allow them to accelerate and automate the fulfillment of new services, and to expand and add services over time, while maintaining low operational costs.” About Cable Bahamas Ltd. Cable Bahamas (CBL) is the communications provider of choice and the first to offer Triple Play services to The Bahamas. Services are provid......

...Ministry also seeks to establish The Bahamas as the jurisdiction of choice for financial services inclusive of banking, insurance, securities and investment funds. The leak of documents from a law firm in Panama is disconcerting. This leak challenges the work and validity of international financial centres. We are following the development of this investigation closely. The Bahamas is a compliant jurisdiction, operating under international regulat......

...ahamas Institute of Financial Services paid a courtesy call on Minister of Financial Services Brent Symonette May 25, at the Ministry. Pictured: Khaliah Brown, Financial and Trade Officer; Tanya Murray, Project Manager; LaTonya Symonette-Tinker, Consultant; Sherrylee Smith, Permanent Secretary; Minister Symonette; Kim Bodie, executive director, BIFS; Hubert Edwards, Acting President; Jane Major, Education Officer; Peggy Knowles, Consultant; and Gl......

The new Minister of Financial Services, Trade & Industry and Immigration Brent Symonette has been meeting with various leaders in the public and private sectors, including representatives from the Inter-American Development Bank and Deltec Bank & Trust. Pictured: Representatives of the Inter-American Development Bank (IDB) pay a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette, May 25, 2017 at the......

...has taken place – although there remains much more work to be done,” said Minister of State for Grand Bahama Kwasi Thompson. The Minister’s remarks came during a year in review by the Office of the Prime Minister in Grand Bahama to members of the local media December 16. Minister Thompson noted that Grand Bahama has played, and will continue to play a pivotal role in the overall economic resurgence of The Bahamas, and that the Prime Minister has......

...d Minister of Finance and Brent Symonette takes on the post of Minister of Financial Services, Trade and Industry and Immigration. Pictured: (sitting, from left) Marvin Dames, Minister of National Security; Jeffrey Lloyd, Minster of Education; T. Brent Symonette, Minister of Financial Services, Trade and Industry and Immigration; Dr Hubert Minnis, Prime Minister; Dame Marguerite Pindling; Peter Turnquest, Deputy Prime Minister and Minister of Fina......

...Minister of Financial Services with responsibility for trade and industry Ryan Pinder recently participated in the Caribbean Exporters’ Colloquium organized by the Caribbean Export Development Agency (CEDA) . Addressing government officials and industry leaders in the region, Minister Pinder called for regional economic integration. “In order for our people in the region to benefit and appreciate regional integration, we must be successful at eco......

...me into force in 2013 or face serious penalties, according to tax attorney Ryan Pinder. The Foreign Account Tax Compliance Act (FATCA) comes into force January 1, 2013, and will require foreign financial institutions (FFIs) to disclose information on all their US clients. Speaking at the Bahamas Association of Compliance Officers’ (BACO) Money Laundering Reporting Officers (MLRO) Day, Ryan Pinder, a tax attorney with Becker-Poliakoff warned attend......

...s learning and networking experience,” said Minister of Financial Services Ryan Pinder . “There will be a number of speakers present that will provide a global perspective of economical shifts within the financial services sector.” The event will be held under the theme: The shift has occurred. How are you positioned? The Ministry of Financial Services will be a lead sponsor of the event. Pinder said that a “fundamental” component of his Ministry’......

...potential as the “avenue to the Americas.” Minister of Financial Services Ryan Pinder, who represented The Bahamas at financial conferences in Latin America earlier this month, said exploring new areas in the region would help his ministry meet its mandate “to create new financial products, to seek out new linkages and new opportunities to work with international partners.” Giving opening remarks at the Nassau Conference , held at the British Col......

...Minister of Financial Services Ryan Pinder has said that accession to the World Trade Organization will bring employment, investment and increased trade to The Bahamas. Watch an address by Pinder here.......